As the term suggests, deep tech refers to companies founded on a scientific breakthrough and which seek to make the world a better place.
In the last five years we have seen an increase in funding for deep tech companies
across Europe with €7.7 billion invested in 2019. An increase of almost three times
compared to 2015. Artificial intelligence dominates capital invested in deep tech as
quantum has yet to make its rise in Europe. The UK is leading the deep tech investments in Europe, followed by France, Germany, Switzerland and the Netherlands. Looking beyond the top 10, Romania stands out due to the large investments into UiPath, Europe’s fastest-growing deep tech.
However, there still is a wide venture capital gap compared to the US or China. This
could be explained by European investors’ lack of experience in the industry and the
perceived higher investments necessary for deep tech to succeed. But several
scaleups such as Ynsect, DataIku or Orcam have demonstrated they can generate
long term value on global markets.
Other startups are following their footsteps and reinventing the way to travel or search the web, from air taxis, to quantum computing, to visual search and image recognition. If you want to know who they are and what they have been up to, have a look at the full article published on Eu- Startups.
Until next time, stay healthy and think positive.